Skip to main content

About your Search

20121224
20130101
STATION
LANGUAGE
Search Results 0 to 6 of about 7
FOX News
Dec 29, 2012 10:00am PST
. >> my pleasure. >> so despite its name, a lot of strategists say that the fiscal cliff will not hit the economy right away and that could give lawmakers some time to continue negotiating, perhaps, but it's unclear how long the market will tolerate that uncertainty. so, what if no deal is reached and no action is taken? >> well, heather, i actually believe that might be the best outcome of all. when we look at it, there's not really a cliff. what happens on wednesday morning, the first day of the year, we'll roll out of bed and put the gasoline in our car and go to work. so there's not going to be a big change immediately. there will be an increase in taxes, something that's already been agreed to. you know, 12 years ago they agreed to the bush tax cuts would have a sunset provisions and the cuts to spending that will occur were agreed to two years ago with the debt ceiling agreement. so they already have a compromise agreement, they're just trying to change that compromise. >> and speaking of change, what if a partial deal is reached, which is what we're talking about right now, through possibly that plan
FOX News
Dec 29, 2012 3:00pm PST
our own budget battle right now, the fiscal cliff. and the fact that the president wanted to tax the wealthy at a higher rate than what the middle class would get. there is something we might be able to learn from what's going on in france right now? >> i think the thing to learn at the moment that they've been trying in france is probably second nature to an american. what they're trying to learn in france is that it's not bad news to be an entrepreneur. if you have this entrepreneur spirit, you can do it. but you do have to put things in slowly and to reach out and i think that's where the president of france has lost a lot of ground. he didn't get a lot of people on his side, even though he said that this tax hike would only be for a very small proportion of the population and would only be for two years. but because it was seen to have been rushed through, not properly spelled out, it was difficult. >> kelly: one final question, if i may, what kind of deficit reduction would this tax be able to provide for the people of france, if you incur 75% tax because you just happen to be a
FOX News
Dec 25, 2012 7:00am PST
: exactly right. let's remind people what this fiscal cliff is really all about. we're talking about automatic tax cuts that will go into place as well as drastic, draconian cuts in entitlement programs, medicare, and even the military. the military can suffer very greatly if this goes through the sequestration. if you look at all this, you realize something has got to be done, because $2,000 per average taxpayer will be added to them over the course of this year if they fail to do something, what is going to happen? what is your prediction, brad? >> well, my prediction is, that we're likely to go over the cliff because the president also knows, kelly, in 2013 any deal made then can be retroactive to january 1st. so the draconian cuts we're talking about can be wiped away with the stroke of a pen should a deal be made. i believe the president believes he is in stronger position if he deal doesn't go through now because he believes he will have better leverage in january. kelly: sear lena? >> he has better leverage i agree with brad about that. he can come to congress after january 1
FOX News
Dec 30, 2012 9:00am PST
cliff that will stop sequestration from going into effect. so the way things stand right now, secretary panetta will need to send 800,000 layoff notices to defense contractors on tuesday. >> if the president doesn't deal with this then he is a lousy commander in chief. if there is a deal done that doesn't set aside the defense cuts because we have is already cut $489 billion out of the defense department, then i'm very disappoin disappointed ine president as commander in keefe and disappointed in the republican party for allowing this to even be a possibility because the party of ronald reagan would never let this happen. >> the sequester s a self-imposed punishment put in place when the bipartisan supercommittee couldn't come together to pick and choose $1.2 trillion worth of cuts that would have been easier to live with. now, the automatic cuts will be across-the-board and president obama's solution to soften the blow of the sequester is to raise taxes on the rich. >> if we have raised some revenue you by wealthy paying a little bit more that would be sufficient to turn off what is ca
FOX News
Dec 30, 2012 8:00am PST
who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >> no one's talking
FOX News
Dec 30, 2012 7:00am PST
press. now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, what the president s correct about s that in the negotiations
FOX News
Dec 30, 2012 1:00pm PST
hill on the state of a possible fiscal cliff deal as lawmakers scramble behind closed door to come up with a compromise on preventing a series of impending tax hikes and across the board spending cuts from taking effect just over 24 hours from right now. hello, everyone. >> welcome to a brand-new hour inside america's news headquarters. the ball is in the u.s. senate's court. republicans committed a patrolman to the senate democrats and they're still waiting for a response. >> i'm concerned about the lack of urgency here. i think we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone geese agrees that action is necessary. >> this morning we've been trying to come up with some counter offer to my friend's proposal. we've been unable. i had a conversation with the president and at this stage we're not able to make a counter offer. i will say this, i think that the republican leader is showing absolutely good faith. it's just we're apart on big issues. >> we have fox team coverage of the rapidly changing situation. our chief white house are correspondent ed henry a live at the house and mike, republicans
Search Results 0 to 6 of about 7